Russia is complaining that Ukraine’s grain exports are not going to poor countries, undermining the intent of the grain corridor agreement. There is the threat to undue or rewrite that agreement. More than 2 million tons of grain have been shipped over the last five weeks and while not all of it may have gone to poor countries, Moscow is intentionally ignoring the fact that the global grain trade is a single, fungible pie. For example, wheat is amongst the easiest of traded goods to be estimated and replaced according to weight, measure, and amount. The problem with the war was not that Ukraine’s wheat was not getting say Africa, but that its supply was removed from the total global tradable stock. Much as Russia’s...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Illuminating the value of technical research
On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.